Forecast: Employment in Medium-High (2-Digit Definition) R&D Intensive Activities in the US

In 2023, employment in medium-high R&D intensive activities in the US stood at 7.29 million units. Forecasts suggest steady growth from 2024, with employment expected to reach 7.57 million units by 2028. The year-on-year growth rate is relatively stable, from 0.82% between 2024 to 2025, gradually increasing to 0.80% for 2025 to 2026, then to 0.67% for 2026 to 2027, and finally rising slightly again to 0.80% for 2027 to 2028. The compound annual growth rate over this period shows a consistent increase, averaging 0.75% annually across five years.

Future trends to watch for:

  • Potential advancements in automation and AI could impact job growth patterns in medium-high R&D industries.
  • Increased investment in innovation and technological infrastructure may bolster employment opportunities further.
  • Geopolitical and economic factors could influence the trajectory of R&D employment growth in the US.

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